Samsung to Invest $115 Billion in Logic Chip Businesses by 2030

Samsung has announced plans to invest $115 billion in its logic chip businesses by 2030. The investment will boost the competitiveness of its System LSI and Foundry businesses.

The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030. The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.

Samsung intends to spent $63 billion on domestic R&D and $52 billion on production infrastructure. An average of $10 billion will be spent per year until 2030.

Apple continues to rely on Samsung to supply parts for its mobile devices. Recent reports suggest that Samsung will be providing some modem chips for the 5G iPhone which could launch as early as next year.